Which of the following statements is true regarding trade in agriculture?
A) The United States exports almost 50 percent of its agricultural production.
B) In general, governments let agricultural markets operate on the free trade principle.
C) Nations do not mind being reliant on other countries for their food supply.
D) Most countries impose strict restrictions on both raw and processed food products.
D
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Which of the following resources would be a good fit for a firm pursuing a low-cost provider strategy?
a. the innovative capability to bypass value chain activities needed by its rivals b. the customer service expertise to make its products more appealing to customers c. the expertise to manage its value chain more cost-effectively than its rivals can d. the technology to add unique features to its products
Group technology requires that:
A) each component be identified by a coding scheme that specifies size, shape, and the type of processing. B) a specific series of engineering drawings be prepared. C) all bills of material be prepared using the same format. D) engineering change notices be linked to each of the bills of material and engineering notices. E) the final products be standardized.